Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.003%

Price spread now: KuCoin against Hyperliquid−0.060%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.060%, 7d avg −0.010%

Together, before fees+0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.050% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BCH	265.02	0.0100	pay 0.0013% / 1h	31m 25s	$5.7M	$5.1M	10x
Short	KuCoin BCHUSDTM	264.86	0.0044	get 0.0044% / 8h	6h 31m	$8.6M	$7.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$11.76
Price spread: −0.060% → −0.010%: −$5.02
Slippage, 4 orders: −$32.06
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$69.85
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 11 min ago	0.95 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.08 bp	21.6 bp −$22	73.8 bp −$738	doesn't fit	doesn't fit

BCH on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BCH-USDT	−0.0628%	8h	264.78	−0.091%	$2K	$1.9M	30x	as long as short
SoDEX BCH-USD	−0.0506%	1h	264.73	−0.109%	$2K	$6K	10x	as long as short
Phemex BCHUSDT	−0.0391%	8h	264.66	−0.136%	$4.9M	$6.6M	50x	as long as short
Deribit BCH_USDC-PERPETUAL	−0.0365%	1h	264.94	−0.031%	$448K	$266K	25x	as long as short
Kraken Futures PF_BCHUSD	−0.0300%	1h	265.05	+0.012%	$850K	$3.1M	50x	as long as short
HTX BCH-USDT	−0.0218%	8h	264.81	−0.079%	$776K	$1.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0189%	8h	264.31	−0.269%	$385K	$17K	10x	as long as short
ApeX Omni BCHUSDT	−0.0187%	1h	264.48	−0.204%	$96K	$227K	50x	as long as short
Gate BCH_USDT	−0.0131%	8h	264.91	−0.042%	$8.4M	$13.5M	75x	as long as short
Variational Omni BCH	−0.0117%	8h	264.41	−0.231%	$81K	$285K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BCH-PERP-INTX	−0.0112%	1h	263.56	−0.551%	$229K	$2.1M	50x	as long as short
Binance BCHUSDT	−0.0091%	8h	264.78	−0.091%	$71.7M	$234.8M	75x	as long as short
MEXC BCH_USDT	−0.0090%	8h	265.12	+0.038%	$69.9M	$7.0M	200x	as long as short
Extended BCH-USD	−0.0088%	1h	264.65	−0.138%	$112K	$965K	25x	as long as short
Bybit BCHUSDT	−0.0059%	8h	264.75	−0.102%	$39.1M	$33.5M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0044%	8h	264.70	−0.121%	$25.2M	$79.0M	50x	as long as short
Bitget BCHUSDT	−0.0039%	8h	264.70	−0.121%	$19.0M	$29.6M	75x	as long as short
BingX BCH-USDT	−0.0030%	8h	264.82	−0.075%	—	$32.3M	—	as long as short
Nado BCH-PERP	−0.0019%	1h	264.69	−0.125%	$420K	$429K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	265.04	+0.006%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	265.28	+0.098%	$1.1M	$11.1M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	265.03	+0.004%	$4K	—	150x	as long as short
Orderly PERP_BCH_USDC	+0.0032%	8h	264.77	−0.094%	$2K	$176	10x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+1.955%	$721	$130K	12x	as long as short
Pacifica BCH	+0.0040%	1h	264.77	−0.094%	$161K	$407K	10x	as long as short
KuCoin BCHUSDTMshort	+0.0044%	8h	264.86	−0.060%	$8.6M	$7.6M	75x
Lighter BCH	+0.0096%	1h	264.80	−0.084%	$364K	$478K	10x	as long as short
Hyperliquid BCHlong	+0.0100%	1h	265.02	long leg	$5.7M	$5.1M	10x
Aster BCHUSDT	+0.0100%	8h	264.95	−0.026%	$168K	$697K	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.37	−0.245%	$19K	$292K	20x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0333% / S −0.0451%	1h	265.05	+0.010%	$25K	—	100x	as long as short